Global Payments Inc (NYSE:GPN) Director Alan M. Silberstein sold 600 shares of Global Payments stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $101.55, for a total transaction of $60,930.00. Following the completion of the transaction, the director now directly owns 44,893 shares in the company, valued at $4,558,884.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of Global Payments Inc (NYSE:GPN) traded down $0.74 during midday trading on Friday, reaching $103.26. 843,457 shares of the company traded hands, compared to its average volume of 1,140,000. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.27. Global Payments Inc has a 1-year low of $75.88 and a 1-year high of $106.52. The firm has a market cap of $16,430.00, a P/E ratio of 58.67, a price-to-earnings-growth ratio of 1.61 and a beta of 1.11.
Global Payments (NYSE:GPN) last released its earnings results on Wednesday, November 8th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.12. Global Payments had a net margin of 7.14% and a return on equity of 18.50%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $917.31 million. During the same period in the prior year, the company posted $0.89 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. research analysts predict that Global Payments Inc will post 3.81 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a dividend of $0.01 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. Global Payments’s payout ratio is presently 2.27%.
A number of analysts have issued reports on GPN shares. Stephens upgraded shares of Global Payments from an “equal weight” rating to an “overweight” rating and set a $122.00 target price for the company in a research note on Tuesday. Deutsche Bank reiterated a “buy” rating and issued a $115.00 target price (up from $100.00) on shares of Global Payments in a research note on Tuesday, October 10th. Buckingham Research started coverage on shares of Global Payments in a research note on Monday, October 2nd. They issued a “buy” rating and a $113.00 target price for the company. William Blair reiterated an “ourperform” rating on shares of Global Payments in a research note on Friday, September 22nd. Finally, KeyCorp started coverage on shares of Global Payments in a research note on Friday, September 22nd. They issued an “overweight” rating and a $110.00 price objective for the company. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-one have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $107.79.
Institutional investors have recently added to or reduced their stakes in the business. Sun Life Financial INC raised its position in shares of Global Payments by 15,728.6% in the 2nd quarter. Sun Life Financial INC now owns 1,108 shares of the business services provider’s stock valued at $100,000 after acquiring an additional 1,101 shares during the period. Thompson Davis & CO. Inc. raised its position in shares of Global Payments by 0.8% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,197 shares of the business services provider’s stock valued at $108,000 after acquiring an additional 10 shares during the period. Intellectus Partners LLC acquired a new stake in shares of Global Payments in the 2nd quarter valued at approximately $128,000. Commonwealth Bank of Australia raised its position in shares of Global Payments by 13.6% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,466 shares of the business services provider’s stock valued at $131,000 after acquiring an additional 176 shares during the period. Finally, Stephens Inc. AR acquired a new stake in shares of Global Payments in the 2nd quarter valued at approximately $143,000. Institutional investors own 98.90% of the company’s stock.
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Global Payments Company Profile
Global Payments Inc is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates through three segments: North America, Europe and Asia-Pacific. The Company’s segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services.
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